Hey Litecoin Fam! Every December, the reddit admins give moderators 'creddits' (1 month of reddit gold) to award to the best submissions/comments of the year, which are nominated and voted on by the subreddit's users.

With 2018 now behind us, it is time for a little reflection on some of the posts/memes/questions/answers from this past year that have made the subreddit so great, and while we believe that everyone who has contributed to the subreddit, whether by asking, answering, or just reading, has played an indispensable part, we also want to recognize those users who truly went above and beyond for 2018.

So to that end, we present to you our first ever 2018 'Best of r/litecoin' contest!'

Here are the categories we've chosen:

Best Meme

Best Explanation of the Value Proposition of Litecoin

Best Technical Post/Comment

Best Community Moment (AMA? If Litecoin reaches...? I just convinced ____ to accept LTC!)

Please nominate by replying to the mod-distinguished comments below with a link (feel free to explain your choice), or vote on nominations by upvoting them! Winners will be those with the highest number of upvotes. You can submit posts or comments, as long as it is relevant to the category.

Some guidelines:

You can nominate anyone but yourself.

You can only make one nomination per category.

Direct responses to this post will be deleted - please reply to our mod-distinguished comments instead.

Each category will have 1 winner.

Both nominator and poster will be awarded reddit gold.

The nominator will be awarded 1 month's worth of reddit gold.

The winning poster of each category will be awarded 3 months worth of reddit gold.

Feel free to discuss the nominated answers as replies to their 'nomination comment', and if you have any questions or comments about the Best of Process itself, please restrict them as replies to this comment.

New Flair Rule

We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.

So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Where can I buy Litecoin?

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:

Where can I securely store Litecoin?

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.

If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, /u/losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.

Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.

Where can I spend Litecoin?

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /r/AcceptingLTC.

Additional Resources and Help

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!

Note also that the "make" eventually terminates out of memory, and "sudo make install" also fails at some point, but not before the litecoind & litecoin-cli binaries are compiled and apparently working OK.

Not to wait hours more and risk more out-of-memory problems, I copied over the blockchain from an existing node.

(Edit: screwed up title - it was litecoin sent to a bitcoin address, not the other way around)

Just listened to the story on the recent Blockdigest episode. The TL;DR is in the title.

It's of course the mistake of the user to not being careful enough, but also negligence on part of Coinbase not to have any sort of warning or restrictions in place for sending bitcoin to a litecoin address (which seems like an easy and reasonable thing to implement).

But particularly negligent is to claim that the funds are not recoverable anymore, which is simply not true, and luckily, another Twitter user was able to help recover the funds successfully (worth around $2.5k). So the Coinbase support was simply either incompetent or just lazy or lying, which is all equally concerning, as such cases are likely not very rare with all the newbies coming into the space and Coinbase being one of the biggest fiat on-ramps into bitcoin.

Is there any working wallet for LTC lightning network?
There are many for btc, and LTC was supposed to be first one to implement lightning network. Maybe I am not searching good enough.
Interested in any android or PC desktop, wallet/node.

I just tried open https://btcpayserver.org and try (just try :-) )to experience make a payment with Litecoin, and direct me to launch my Loafwallet, but with PIN bypass on my Loafwallet (my wallet with PIN/Fingerprint activated) , why there is no request PIN before i make payment? is there an issues on Loafwallet?

I was trying to set up cryptotracker and it wouldn’t link to my Litecoin Wallet on my Ledger Nano. I think maybe because my address starts with an Lc still? If I put my Litecoin address into block explorer nothing shows up but my balance is showing up on Ledger live. Do I need an update Litecoin address? My Ledger is setup in Litecoin Legacy because that’s what was recommended when I got it, is this the cause? Any ideas? Thank you!

Would it be possible to scan the LTC chain and estimate the number of orders of the HTC Exodus using LTC? They would be starting from the announcement and have a transaction value 19.84 LTC plus the network fee. There might be a few unrelated transactions in there but would be a good rough estimate.

Extending the question, would it be possible to compare against BTC and ETH?

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For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.